Suzlon Energy Ltd. reported its lowest quarterly profit in a year as India’s support for auction mechanism to build wind energy projects slowed orders, Bloomberg News reported. The profit of 490.8 million rupees ($7.65 million) during the usually quiet fiscal first quarter compared with a loss of 2.6 billion rupees in the year-ago period, according to a filing to the Indian stock exchange late Friday. The previous three quarters each provided profit over 2 billion rupees.

Once seen as an opportunity for investors to position themselves for a future North Korean turnaround, the country's rarely traded defaulted debt may move further into the twilight zone after new sanctions were imposed this week on Pyongyang, the International New York Times reported on a Reuters story. Debt from North Korea - probably the most isolated of the frontier markets - has already been frozen for years as the secretive nation faces the most stringent sanctions regime in the world.

Noble Group Ltd.’s net debt surged by almost $1 billion over the first six months as trading losses and constrained access to funds heaped further pressure on the commodity trader as it battles for survival, Bloomberg News reported. Net debt expanded $945 million from the start of the year to $3.82 billion at the end of June, the Hong Kong-based company said in a statement on Thursday as it reported a $1.75 billion loss for the second quarter.

Chinese property tycoon Wang Jianlin has embarked on a big asset reshuffling within his empire to reduce the leverage of Dalian Wanda’s listed arm as regulators increase the pressure on acquisitive dealmakers to cut debt, the Financial Times reported. Hong Kong-listed Wanda Hotel Development announced late on Wednesday it would buy nearly $1.1bn of assets from Wanda’s theme park and hotel management units.

For China’s ruling Communist party, its foreign exchange reserves are a symbol of national strength and are a crucial buffer against economic shocks. So the alarming announcement that forex reserves had fallen below $3tn in January marked a shift in political faultlines that is only being felt this summer, the Financial Times reported. As more than $1tn left the country over the previous 18 months amid a flurry of large overseas acquisitions, a sense of crisis grew within the party. Technocrats in Beijing had already prepared the ground to take action.

Japanese auto supplier Takata Corp filed for U.S. bankruptcy protection on Wednesday in an effort to pause lawsuits against the company over faulty air bag inflators - more than a month after its U.S. unit filed for bankruptcy in the same court, the International New York Times reported on a Reuters story. In its filing with the U.S.

Nearly six months after his turbulent elevation to run India’s biggest conglomerate, Natarajan Chandrasekaran is assembling a team of dealmakers to refocus some of the group’s biggest businesses, expand its financial services and consumer businesses and sell or merge dozens of smaller units, according to interviews with senior executives.

Asian investors, wary that the region’s stock markets and currencies have run up too far too fast and wondering whether it is time to take some money off the table, are finding that their concerns are not being reflected in major gauges of volatility and fear, the International New York Times reported on a Reuters story. These indicators are supposed to signal red, or at least orange, when stocks are overvalued and risks – whether economic, corporate or political - are building. Currently, they all suggest it is still safe to be invested in riskier assets.

Chinese courts handled more than 4,700 bankruptcy cases in the first seven months of 2017, up "steadily" on the same period of 2016 as Beijing stepped up its campaign against 'zombie firms', a senior official with the judiciary said on Thursday. "The difficulties of launching a bankruptcy case have been effectively eased," He Xiaorong, a senior director at China's Supreme People's Court, told a news briefing.

Steel tycoon Sajjan Jindal’s JSW Steel Ltd. will consider an investment from Japan’s second-biggest mill as the Mumbai-based firm looks to acquire distressed companies in India, according to Joint Managing Director Seshagiri Rao, Bloomberg News reported. JSW shares rallied to a record. India’s largest producer would prefer to acquire mills located in the eastern parts of the country and is open to partnering with JFE Holdings Inc. for acquisitions, Rao said in an interview in Mumbai. “Today we have nothing in mind saying we have to approach JFE or anybody.